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5 - FNB - Finance and Banking


FNB 206 - Modern Applications of Documentary Credits

Code Start Date Duration Venue
FNB 206 23 December 2024 5 Days Istanbul Registration Form Link
FNB 206 27 January 2025 5 Days Istanbul Registration Form Link
FNB 206 24 February 2025 5 Days Istanbul Registration Form Link
FNB 206 24 March 2025 5 Days Istanbul Registration Form Link
FNB 206 21 April 2025 5 Days Istanbul Registration Form Link
FNB 206 19 May 2025 5 Days Istanbul Registration Form Link
FNB 206 16 June 2025 5 Days Istanbul Registration Form Link
FNB 206 14 July 2025 5 Days Istanbul Registration Form Link
FNB 206 11 August 2025 5 Days Istanbul Registration Form Link
FNB 206 08 September 2025 5 Days Istanbul Registration Form Link
FNB 206 06 October 2025 5 Days Istanbul Registration Form Link
FNB 206 03 November 2025 5 Days Istanbul Registration Form Link
FNB 206 01 December 2025 5 Days Istanbul Registration Form Link
Please contact us for fees

 

Course Description

This course is designed to enhance the knowledge and skills of experienced documentary credit professionals. A series of interactive case studies covering areas of key importance including workability of terms and conditions in documentary credits and the correct issuance of refusal notices as well as the use, implementation and practical applications of documentary letters of credits (LC’s) in their many forms and guises.

Course Objectives

  • Understanding the fundamental basis and importance of Documentary Credits (DC)
  • Differentiating between the various methods of payment
  • Knowing the difference between the various types of LC
  • Understanding the basic terms of trade and their relevance and importance

Who Should Attend?

  • Managers
  • Executives
  • Corporate and Commercial Bankers
  • Risk Managers
  • Trade Finance Specialists
  • Trade Operations Staff
  • Anyone Dealing with international trade

Course Details/Schedule

Day 1

  • Overview of Trade Finance
  • Principles of trade finance
  • Parties to a transaction
  • Roles, obligations, interests
  • Banks in Trade Finance
  • Core Services
  • Structured Services
  • Importance of banks in promoting commerce

Day 2

  • The value proposition
  • Regulatory context – overview
  • Incoterms
  • Jurisdiction
  • Transaction/Product overview
  • Open account
  • Documentary credits
  • Guarantees and standby letters of credit

Day 3

  • Payment in advance
  • Trade finance & risk
  • Overview of selected risks
  • Mitigation options
  • Documentary Letters of Credit – definitions
  • Parties to a credit
  • Contractual relationships

Day 4

  • Confirmed L/C’s
  • Terms of payment
  • Transferable & Back to Back L/C’s
  • Red Clause
  • Green Clause
  • Confirmed
  • Silent confirmation
  • Other Features of L/C’s

Day 5

  • Documentary Letters of Credit – Applications
  • Observations on financing
  • Factoring
  • Forfaiting
  • Buyer/supplier credits
  • International Standard Banking Practice
  • Transferable credits
  • Red & green clause (advance payment) credits
  • Revolving credits
  • Evergreen credits
  • Fraud in international trade

 

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